UK chocolate group Hotel Chocolat sees strong revenue growth

0 Comment(s)Print E-mail Xinhua, January 23, 2020
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LONDON, Jan. 23 (Xinhua) -- British chocolate firm Hotel Chocolat Group reported Thursday a strong revenue growth for the second half of 2019.

The total group revenue grew by 14 percent during the 26 weeks ending 29 December 2019, compared with the same period in 2018, said the company's trading statement.

Meanwhile, total revenue for the 13-week period rose by 11 percent compared to the previous year.

"Trading for the 13-week period and since December continues to be in line with management's expectations, though the cost to deliver this growth was modestly higher due to inefficiencies in the supply chain which are being addressed in 2020," said the statement.

The statement also showed that during the 26-week period, the group opened nine new locations in Britain, two in the United States and three new joint-venture locations in Japan.

Angus Thirlwell, co-founder and chief executive officer of the group, said: "While much of 2019 was about getting started in these large new markets, 2020 will see us accelerate our supply-chain transformation. This focus will rebalance us from being a UK-based company operating from owned channels, to one more suitable for multi-channel multi-territory international supply."

Founded in 1993, Hotel Chocolat sells products online and offline across Britain and abroad. Enditem

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